Nakibullah, Ashraf - In: International Journal of Business and Economics 10 (2011) 2, pp. 139-157
Price stability is the goal of the monetary policy of the oil-exporting Gulf Cooperation Council (GCC) countries. Estimation results for the period 1992:1 to 2009:3 indicate that the GCC countries, with the exception of Qatar and UAE during a few quarters of 2007 and 2008, heavily sterilize the...